The benchmark index moderated by 3.56 points (-0.19%) to open this week at 1,872.85 with a -17.03% year-to-date return while the market capitalization was down 0.07% to settle at GH¢52.67 billion.
Guinness Ghana (-10.00%) dragged the SAS Manufacturing Index down by 56.52 points (-2.33%) to close at 2,365.51 with a year-to-date return of -32.06%.
Meanwhile, the GSE Financial Index recorded no gains or losses, closing at 1,725.21 with a -14.58% year-to-date return.
Trading activity strengthened as 846,368 shares valued at GH¢176,509 changed hands from 131,409 shares valued at GH¢71,378 in the previous session. While Mechanical Lloyd dominated trades by volume, accounting for 78.63% of the total volume traded, Societe Generale dominated trades by value, accounting for 39.73% of the total value traded.
We expect activity levels to increase as investors take advantage of bargain stocks.
Company in Focus
Golden Star Resources Limited (GSE: GSR)
GSR is an established gold mining company that owns and operates the Wassa and Prestea underground mines in Ghana.
Golden Star is listed on the New York Stock Exchange (NYSE), the Toronto Stock Exchange (TSX) and the Ghana Stock Exchange (GSE).
The current share price of GSR on the GSE is GH¢9.50 (0.00% YTD).